This year’s Sydney Gay and Lesbian Mardi Gras is expected to come close to breaking even, a vast improvement on last year’s $575,627 loss.

New Mardi Gras (NMG) will also hold an investigation into whether sensitive information was leaked at a board level during the festival season.

NMG co-chair Pete Urmson told the Star Observer it would be premature to speculate on the exact figure.

“We are still working through the final details of the numbers,” Urmson said. “But any loss would be nowhere near what we had last year and we’re working on a number of initiatives to see where we’ve actually landed.”

Urmson refuted speculation that the Harbour Party and the Mardi Gras Party had failed to break even.
“That’s not correct,” Urmson said. “The season broke even and the parties.

“Harbour Party definitely made a profit and … I anticipate that the main Mardi Gras Party would have broken even and if not, we would have come very close to that.”

Urmson said any loss would have come from money expended on the parade and other similar expenses.

“There’s break even and then there’s achieving the ticketing numbers that you want to exceed that to pay for other things such as the parade,” he said.

“Our year on year expenses have been significantly curtailed and I believe we will come very close to a break-even number. If we were over break-even it would be minimal, if we’re under I don’t think it’s going to be a significant miss.”

On the investigation into leaks from the Mardi Gras board, Urmson could not say whether it was already underway or who was carrying it out, but expected “some conclusive answers” over the course of the next four weeks.

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